California Water Service Group (CWT)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 190,807 | 51,911 | 96,011 | 101,125 | 96,831 |
| Total assets | US$ in thousands | 5,180,280 | 4,595,530 | 3,850,750 | 3,623,270 | 3,394,250 |
| ROA | 3.68% | 1.13% | 2.49% | 2.79% | 2.85% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $190,807K ÷ $5,180,280K
= 3.68%
The return on assets (ROA) of California Water Service Group has shown some fluctuations over the years. From December 31, 2020 to December 31, 2021, the ROA decreased slightly from 2.85% to 2.79%. In the following year, the ROA declined further to 2.49% by December 31, 2022. However, by December 31, 2023, there was a significant drop in ROA to 1.13%, indicating a decrease in the company's profitability relative to its assets.
Despite the downward trend in the previous years, by December 31, 2024, the ROA surged to 3.68%, showing a notable improvement in the company's ability to generate earnings from its assets. It is important to monitor this ratio closely to assess the company's efficiency in utilizing its assets to generate profits and evaluate its overall financial performance.
Peer comparison
Dec 31, 2024